CV

Research Activity
My primary research interests include money and credit theory, financial institutions, monetary policy and history of economic thought.

Contacts
Department of Economics – Università degli Studi dell’Insubria
e-mail: giancarlo.bertocco”at”uninsubria.it

Books

1. Bertocco Giancarlo (2017) Crisis and the failure of economic theory. The responsibility of economists for the Great Recession, Edward Elgar, Cheltenham UK [Link]
2. Bertocco Giancarlo (2015) La crisi e le responsabilità degli economisti, Brioschi Editore, Milano [Link]
3. Bertocco Giancarlo (1991) Teoria e politica monetaria nell’analisi della Banca d’Italia, Giappichelli Editore, Torino

Articles: Peer – Reviewed

4. Bertocco Giancarlo (2024), Schumpeter and the post-Keynesian monetary theory, (with Kalajzić Andrea). Metroeconomica, 1-22 [Link]
5. Bertocco Giancarlo (2024), A critical analysis of the Financial Frictions Approach in a Minskyan perspective, (with Kalajzić Andrea). Review of Economic Issues, vol. LVIII, 1, 85-111 [Link]
6. Bertocco Giancarlo (2023) A critical analysis of the loanable funds theory: some notes on the non-neutrality of money (with Kalajzić Andrea). Economia Politica, vol. 40, April, 35-55 [Link]
7. Bertocco Giancarlo (2023) Some constructive comments on Steve Keen’s Manifesto for a New Economics, (with Kalajzić Andrea). Review of Political Economy, vol. 35, 4, 1179 – 1193 [Link]
8. Bertocco Giancarlo (2020) A Keynes + Schumpeter model to explain the relationship between money, development and crises (with Kalajzić Andrea). Review of Political Economy, vol. 32, 3, 390 – 413 [Link]
9. Bertocco Giancarlo (2020) On the monetary nature of the principle of effective demand (with Kalajzić Andrea). International Journal of Political Economy, vol. 49, 1, 1 – 22 [Link]
10. Bertocco Giancarlo (2019) Great Recession and macroeconomic theory: a useless crisis? (with Kalajzić Andrea). Review of Political Economy, vol. 31, N. 3, 382 – 406 [Link]
11. Bertocco Giancarlo (2019) On the monetary nature of the interest rate in a Keynes-Schumpeter perspective (with Kalajzić Andrea). Journal of Post Keynesian Economics, Vol. 42 – N. 4, 527 – 553 [Link]
12. Bertocco Giancarlo (2018) How much does finance benefit society? (with Kalajzić Andrea). PSL Quarterly Review, Vol. 71 – N. 287, 419 – 437 [Link]
13. Bertocco Giancarlo (2018) The zero lower bound and the asymmetric efficacy of monetary policy: a view from the history of economic ideas (with Kalajzić Andrea). Italian Economic Journal, Vol. 4 – N. 3, 549 – 566 [Link]
14. Bertocco Giancarlo (2016) The relevance of Post – Keynesian economics (with Kalajzić Andrea). History of Economic Ideas, 1, 155 – 168 [Link]
15. Bertocco Giancarlo (2014) Global saving glut and housing bubble: a critical analysis. Economia Politica – Journal of Analytical and Institutional Economics, XXXI, (2), 195-218 [Link]
16. Bertocco Giancarlo (2013) On Keynes’s criticism of the loanable funds theory. Review of Political Economy, 25, (2), 293-310 [Link]
17. Bertocco Giancarlo (2013) Money as an institution of capitalism: some notes on a monetary theory of uncertainty. Economic Notes, 43, (1), 75-101 [Link]
18. Bertocco Giancarlo (2011) Are banks special? Some notes on Tobin’s theory of financial intermediaries. Journal of the Asia Pacific Economy, 16:3, 331 – 353 [Link]
19. Bertocco Giancarlo (2010) The endogenous money theory and the characteristics of a monetary economy. Rivista Italiana degli Economisti, 3, 365 – 401[Link]
20. Bertocco Giancarlo (2009) The relationship between saving and credit from a Schumpeterian perspective. Journal of Economic Issues, 3, 607 – 640 [Link]
21. Bertocco Giancarlo (2009) The economics of financing firms: two different approaches. History of Economic Ideas, 1, 85 – 123 [Link]
22. Bertocco Giancarlo (2008) Finance and development: is Schumpeter’s theory still relevant? Journal of Banking & Finance, 6, 1161 – 1175 [Link]
23. Bertocco Giancarlo (2007) The characteristics of a monetary economy: a Keynes-Schumpeter approach. Cambridge Journal of Economics, 1, 101 – 122 [Link]
24. Bertocco Giancarlo (2006) Alcune osservazioni sulla relazione tra incertezza e moneta in Keynes. Economia Politica, 3, 363 – 384 [Link]
25. Bertocco Giancarlo (2005) The role of credit in a Keynesian monetary economy. Review of Political Economy, 4, 489 – 512 [Link]
26. Bertocco Giancarlo (2004) The New Keynesians monetary theory: a critical analysis. Studi Economici, 83, 65 – 94 [Link]
27. Bertocco Giancarlo (2002) Is inflation a monetary phenomenon? A non-monetarist episode of inflation: the Italian case. Studi Economici, 12 – 44 [Link]
28. Bertocco Giancarlo (2001) Is Kaldor’s theory of money supply endogeneity still relevant? Metroeconomica, 1, 95 – 120 [Link]
29. Bertocco Giancarlo (1997) Il governo della moneta e del credito in Italia. Un’analisi del meccanismo di trasmissione della politica monetaria nel periodo 1960 – 1995. Politica Economica, 3, 309 – 344 [Link]
30. Bertocco Giancarlo (1997) I caratteri di un’economia monetaria in una prospettiva keynesiana. Studi Economici, 2, 81 – 105 [Link]
31. Bertocco Giancarlo (1995) Asimmetrie informative e meccanismo di trasmissione della politica monetaria: osservazioni sul modello Bernanke – Blinder. Studi Economici, 57, 21 – 34 [Link]
32. Bertocco Giancarlo (1995) Teorema Modigliani – Miller, imperfetta informazione e meccanismo di trasmissione della politica monetaria. Moneta e Credito, 191, 391 – 420 [Link]
33. Bertocco Giancarlo (1992) Il ruolo della politica monetaria nel pensiero di tre governatori della Banca d’Italia. Politica Economica, 3, 325 – 359
34. Bertocco Giancarlo (1989) Il ruolo del credito in un recente modello macroeconomico. Note Economiche, 2, 205 – 230
35. Bertocco Giancarlo (1987) Per un’analisi degli effetti della politica monetaria nel periodo del controllo del credito totale interno. Rivista di Politica Economica, 3, 751-780
36. Bertocco Giancarlo (1986) La rilevanza degli obbiettivi intermedi per la politica monetaria: osservazioni sull’esperienza italiana. Rivista di Politica Economica, 3, 1511-1559

Miscellaneous

37. Bertocco Giancarlo (2020) Alcune osservazioni sulle conseguenze economiche del coronavirus (with Andrea Kalajzić). economiaepolitica.it, 16/04/2020 [Link]
38. Bertocco Giancarlo (2020) Grande recessione e teoria economica: una crisi inutile?, (with Kalajzić, Andrea). economiaepolitica.it, 21/02/2020 [Link]
39. Bertocco Giancarlo (2019) Investments, finance and instability: some nudges from the history of economic thought. Introduction (with Enrico Bellino). History of Economic Ideas, 1, 67 – 70 [Link]
40. Bertocco Giancarlo (2017) Renzi e Prodi: due diversi programmi economici. economiaepolitica.it, 12/10/2017 [Link]
41. Bertocco Giancarlo (2015) La crisi e gli economisti. economiaepolitica.it, 7/05/2020 [Link]
42. Bertocco Giancarlo (2015) Endogenous Money, The Encyclopedia of Central Banking, L-P. Rochon and S. Rossi (eds), Edward Elgar, 157-158 [Link]
43. Bertocco Giancarlo (2015) Fractional Reserve Banking, The Encyclopedia of Central Banking, L-P. Rochon and S. Rossi (eds), Edward Elgar, 215-217[Link]
44. Bertocco Giancarlo (1998) Credito e Istituzioni Finanziarie: un’impostazione Keynesiana in De Vecchi N e Marcuzzo C., A cinquant’anni da Keynes. Teorie dell’Occupazione, Interesse e Crescita, Edizioni Unicopli, Milano

Textbooks

45. Bertocco Giancarlo (2015) Appunti di Macroeconomia (with Kalajzić Andrea and Mourad Agha Galeb) [Link]
46. Bertocco Giancarlo (1995) Appunti di Economia Monetaria, SEAG, Pavia
47. Bertocco Giancarlo (1987) Temi di Politica Monetaria, SEAG, Pavia
48. Bertocco Giancarlo (1986) Il sistema dei flussi finanziari: grandezze reali e monetarie nel sistema economico italiano, SEAG, Pavia
49. Bertocco Giancarlo (1984) Il ruolo delle politiche di stabilizzazione nei modelli macroeconomici, SEAG, Pavia